Sheridan, WY metro area Housing Market
Cool MarketComprehensive housing market data for the Sheridan, WY metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$408K
↑ 10.7% YoY
Days on Market
66 days
↑ 15.8% YoY
Active Inventory
153
↓ 4.4% YoY
Homes Sold
31
↑ 14.8% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Sheridan, WY metro area Market Summary
The Sheridan, WY metro area housing market is cooling down. As of March 2026, the median home sale price is $408K, up 10.7% year-over-year. Homes are spending a median of 66 days on the market, 15.8% longer than a year ago.
There are 153 homes for sale — 4.4% fewer than last year. With 4.9 months of supply, this is a balanced market. 54 new listings were added during this period, up 17.4% year-over-year.
Homes are selling for 100.6% of their list price on average, indicating buyers are paying above asking. 3.2% of homes sell above their asking price. 14.4% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
70
Contributing Factors
How This Market Compares
vs. National Median
vs. Wyoming Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage.
Sheridan, WY metro area Market Trends
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Detailed Market Metrics
Median List Price
$422K
Price per Sq Ft
$274
Sale-to-List Ratio
100.6%
Months of Supply
4.9
Sold Above List
3.2%
Price Drops
14.4%
New Listings
54
↑ 17.4% YoY
Pending Sales
38
Off Market in 2 Weeks
31.6%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.